Debiasing or regularisation? Two interpretations of the concept of `true preference' in behavioural economics

DOI10.1007/S11238-022-09876-XMaRDI QIDQ2125263zbMATHOpenAlexFDO

Authors Robert Sugden

Publication date 13 April 2022

Published in Theory and Decision (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s11238-022-09876-x

zbMATH Keywords

regularisationstated preferencetrue preferencebehavioural biasbehavioural welfare economics

Mathematics Subject Classification ID

Individual preferences (91B08) Welfare economics (91B15)

Recommendations

• When normative and descriptive diverge: how to bridge the difference
• Eliciting welfare preferences from behavioural data sets
• Reconciling normative and behavioural economics: the problems to be solved
• Welfare analysis when choice is status-quo biased
• On the relationship between true preference and actual choice

Cites work

• scientific article; zbMATH DE number 3087284 (Why is no real title available?)
• Advances in prospect theory: cumulative representation of uncertainty
• Investigating Generalizations of Expected Utility Theory Using Experimental Data
• Making descriptive use of prospect theory to improve the prescriptive use of expected utility
• On money pumps
• Prospect Theory: An Analysis of Decision under Risk
• Violations of the independence axiom in common ratio problems: An experimental test of some competing hypotheses

Cited in

(2)

• Reconciling normative and behavioural economics: the problems to be solved
• When normative and descriptive diverge: how to bridge the difference

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